MAKE CHANGE POSSIBLE.

We understand the business energy market can be challenging.

Our specialists compile a Market Drivers report each month.

We have highlighted Bearish drivers, expected to contribute to the market lowering, and Bullish drivers, expected to contribute to the market going higher.

Bearish Drivers

• Increase in UK domestic production amid return of several planned maintenances.
• Resuming of Nord Stream deliverability will sharply ease present bullish concerns around Russian supply, although a date on this is not known.

Bullish Drivers

• Nord Stream 1 turbine saga continues to dominate sentiment.
• Looming winter 22 period as more customers hold off placing renewals driving demand up and price with it.
• Planned & unplanned outages.
• Slow wind speeds.
• High gas for power demand amid warmer temperatures and lower renewables.
• Outlook for lower LNG sendout next month.

Another bullish month for July with prices rising to records levels once again.